Uncle Buck popped above key resistance at 98 the other day and unsurprisingly turned down. The thing is though, he made a higher high and at least theoretically keeps a fledgling uptrend intact.
It is more important at this point to get the higher high than it was to hold it for the short-term. I think a casino full of FOREX jockeys saw that break above 98, bought the buck and got summarily zonked for it.
Anyway, the chart is marked up with an admittedly wide support range that includes lateral price action and the up-turned MA 50.
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